LUNC/USDT – 1H – BUYThe pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline up.
An ascent up to the next resistance at 0.000104970 is expected.
Caution: A possible trend reversal in the direction of support at 0.000099270 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Hammer’ candlestick chart pattern is existing. The candles form ‘Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000124540 |
| 2nd High | 0.000121990 |
| Next High | 0.000104970 |
| Current Price | 0.000104230 |
| Next Low | 0.000099270 |
| 2nd Low | 0.000095050 |
| 3rd Low |